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Dec 30, 2012
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we shouldn't be in this fiscal cliff today. we shouldn't have had sequestration and automatic cuts. we shouldn't have had the debt controlling debackle. all that was manufactured by the united states congress. and so i'm sanded by where we stand. >> can i ask you this is with all respect is there a concern that perhaps you're almost bailing at a time when your moderation is needed most? >> i think it is important to have centrist voices in the united states sales in the but given the fact that i have spent 34 years in the united states congress, i thought that in looking over the next six years whether or not it would appreciably change, i didn't think so. i thought it was best to contribute my experience and insiders a voice to match the outsider's frustration and to talk about how it can change and how it used to work i don't see how it changing on the short term, given the partisanship, polarization, putting the political parties first around not the country's interest first, the outside groups that you perpetuate division, i thought i could best contribute that way. i want to ma
we shouldn't be in this fiscal cliff today. we shouldn't have had sequestration and automatic cuts. we shouldn't have had the debt controlling debackle. all that was manufactured by the united states congress. and so i'm sanded by where we stand. >> can i ask you this is with all respect is there a concern that perhaps you're almost bailing at a time when your moderation is needed most? >> i think it is important to have centrist voices in the united states sales in the but given...
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Oct 23, 2012
10/12
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they're dealing with the fiscal cliff, dealing with the debt crisis and the recession overseas, and there is this common thread going through these companies. they're experiencing these lower sales because of the global slowdown happening. dupont in particular saying it has to cut jobs just to offset those lower sales, the slowing global economy, and so you're seeing the worry reflected right there in red. the dow is down 177 points. carol? >> we'll check back in the next hour. thanks, alison kosik. the next hour of newsroom after a quick break. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >>> happening now in the newsroom, the last face off complete, mitt romney and barack obama trading jabs over foreign policy and everything else in t
they're dealing with the fiscal cliff, dealing with the debt crisis and the recession overseas, and there is this common thread going through these companies. they're experiencing these lower sales because of the global slowdown happening. dupont in particular saying it has to cut jobs just to offset those lower sales, the slowing global economy, and so you're seeing the worry reflected right there in red. the dow is down 177 points. carol? >> we'll check back in the next hour. thanks,...
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we should not expect him to make any new proposals regarding the fiscal cliff, regarding his debt proposals, but, rather, to restate the principles we already know that this white house has embraced, which is a no increase -- no extension of the bush tax cuts for those making $250,000 or more, a willingness to negotiate on other issues, including some entitlements, medicare, medicaid, and also a general spirit of compromise as long as both sides are willing to get there. you know, they talk about the balanced approach. as you point out, the president does have the wind in his sails because he campaigned on these ishsz, and they feel they have some leverage here. a point about who will be here who will be stick arounded by what they call middle class americans, who share his views, and you asked about the mood a little something "o a lighter note. i have never seen this before, maybe it's because it's the first statement after getting reelected, but they have a band playing music outside to welcome everybody in. >> it is kind of unusual, jessica, let's say. tell us a little about the invitat
we should not expect him to make any new proposals regarding the fiscal cliff, regarding his debt proposals, but, rather, to restate the principles we already know that this white house has embraced, which is a no increase -- no extension of the bush tax cuts for those making $250,000 or more, a willingness to negotiate on other issues, including some entitlements, medicare, medicaid, and also a general spirit of compromise as long as both sides are willing to get there. you know, they talk...
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Dec 31, 2012
12/12
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if you thought the fiscal cliff snuck up on congress, the debt ceiling bill that triggered this to begin with was signed into law in 2011. we have known from that day forward this day would be upon us if nothing was done. and everyone in congress has known all along what it would take to avert the blanket tax hikes and spending cuts that are mandated to start in the new year. how much time is that, by the way? 517 days, or you can call it one year, four months and 29 days, or 73 weeks or 12,408 hours. you get the point. your political leader is engrossed in a colossal waste of time. the tax cuts were enacted for ten years starting in 2001 and then extended in 2010 for another two years, so we have had exactly 12 years notice on that front. this should not be happening. even with all that time, the best hope we are left with is a puny tiny partial deal that averts tax hikes for the majority of taxpayers. the sequester, which is a stupid name for a stupid thing, which results in mandatory cuts that nobody wants, looks like the decision will be kicked down the road to be dealt with at anoth
if you thought the fiscal cliff snuck up on congress, the debt ceiling bill that triggered this to begin with was signed into law in 2011. we have known from that day forward this day would be upon us if nothing was done. and everyone in congress has known all along what it would take to avert the blanket tax hikes and spending cuts that are mandated to start in the new year. how much time is that, by the way? 517 days, or you can call it one year, four months and 29 days, or 73 weeks or 12,408...
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Dec 4, 2012
12/12
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. >>> back to our conversation on the so-called fiscal cliff. the debt reducing tax hikes and federal spending cuts coming january 1st unless congress and the president act. so now both sides have offers on the table, the democrats' plan which would focus debt reduction on higher tax rates for the wealthiest 2%. house republicans, they anted up yesterday with a plan to cut the debt through tax code and spending reforms, not through higher tax rates for the wealthy. if there is no agreement, you know the deal, everyone, everyone's taxes go up. representative tom price of georgia joins me now from capitol hill. he is a hard line republican. congressman, good to see you. thanks for coming on. >> yes, thank you so much. good to be with you. >> the republican plan published yesterday, it is note worthry, congressman price, it would raise more money through the tax system this and is a pretty big departure for your republican party. i just want to know, do you support this proposal put forward by the speaker of the house? >> well, this proposal is jus
. >>> back to our conversation on the so-called fiscal cliff. the debt reducing tax hikes and federal spending cuts coming january 1st unless congress and the president act. so now both sides have offers on the table, the democrats' plan which would focus debt reduction on higher tax rates for the wealthiest 2%. house republicans, they anted up yesterday with a plan to cut the debt through tax code and spending reforms, not through higher tax rates for the wealthy. if there is no...
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Nov 9, 2012
11/12
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the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does what a lot of people think needs to happen. it spreads pain across a variety of americans. we may dip in to a recession, but heck we sure do solve the debt crisis, don't we? that said it is pretty easy to be cavalier and say it is no big deal. how do you feel if the dow goes down 2 thourk points in the interim or one of the people that loses a job because your company is freaking out over this debate going on and on and on. i don't think it is fair to say it is no big deal. it is a big deal. is it the end of the world? no. nothing i
the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does...
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Dec 28, 2012
12/12
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starting with the fiscal cliff. it is so complicated and confusing, boehner saying the senate must go first. harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you hit the ceiling. all in all, i can't remember an end of a year, suzanne, when we've had two so serious issues affecting the u.s. economy all at the same time. >> it is worrisome. i wonder, richard, do we have any sense of how the markets, the global markets, are even reacting to the potential, the possibility that we'd go over the cliff? >> reporter: yes. at the moment, it is quite clear they are holding their nose from t
starting with the fiscal cliff. it is so complicated and confusing, boehner saying the senate must go first. harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally...
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Nov 29, 2012
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this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the sledge hammer approach is not economically sound. now, there are targeted and measured ways to do it without driving the country in to another recession. some debate today as to whether we're in one or not but the sequester will only make things worse. congress, solve it. solve it nowme. we're all watching. housing is hot. if you have credit and money for a down payment, the perfect time to buy. nationally, affordability is the best it's been in a long time. new york city is the least affordable place in america to purchase a home. no big surprise here. home prices in new york are nearly two and a
this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the...
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Nov 28, 2012
11/12
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. >>> washington has 34 days to keep us all from going over the fiscal cliff. 34 days. that's not the only deadline the congress and the white house face here. a new report says the u.s. is getting close to hitting the debt ceiling. talked about this before. this is correspondent christine romans here to explain. >> hi, brooke. it is america's credit card limit. and the government is almost maxed it out again. the bipartisan policy center says the government could hit the debt ceiling as soon as february. so just how much is it? well, the limit is $16.394 trillion. we're close. america spends about $100 billion to $125 billion every month more than it takes in. we borrow the rest and that borrowing adds to the growing pile of debt. so until the government cuts spending or raises taxes, the only option is to raise the treasury's credit limit again. if congress doesn't, treasury won't have the money to pay our bills, bills like social security checks or interest payments on our bonds. but raising the debt ceiling is a political nightmare. republicans don't want to raise t
. >>> washington has 34 days to keep us all from going over the fiscal cliff. 34 days. that's not the only deadline the congress and the white house face here. a new report says the u.s. is getting close to hitting the debt ceiling. talked about this before. this is correspondent christine romans here to explain. >> hi, brooke. it is america's credit card limit. and the government is almost maxed it out again. the bipartisan policy center says the government could hit the debt...
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Dec 5, 2012
12/12
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the white house thinks of the debt ceiling as part three of a three-step solution to the fiscal cliff. they are asking that any deal that they cut with the republicans include some mechanism that is a permanent solution to avoid a debt ceiling nightmare, like we had last year. here's what president obama said when he spoke to business ceos about this earlier today. >> i want to send a very clear message to people here, we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we have got to break that habit before it starts. >> reporter: so just to be very clear, the white house sees this as three steps. a fiscal deal would include, one, some measure that would raise revenue. tax raising. two, a sequester, that's all those budget cuts that are going to kick in, some way to save money through spending cuts, prob
the white house thinks of the debt ceiling as part three of a three-step solution to the fiscal cliff. they are asking that any deal that they cut with the republicans include some mechanism that is a permanent solution to avoid a debt ceiling nightmare, like we had last year. here's what president obama said when he spoke to business ceos about this earlier today. >> i want to send a very clear message to people here, we are not going to play that game next year. if congress in any way...
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Dec 21, 2012
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cliff. after speaker boehner's plan b falls flat, what's next? "newsroom" starts now. good morning to you. thank you so much for being with us. i'm carol costello. this hour a nation pauses to honor the victims of last week's horrifying attack at a connecticut elementary school. many americans including president obama will take part in a moment of violence at 9:30 eastern. that marks the moment one week ago that the gunman burst into sandy hook elementary school. church bells will toll across the country 26 times to remember each of the children and educators killed, and after being noticeably quiet for the past week, the national rifle association holds a news conference next hour. the gun rights groups will comments on the shooting as it faces impassioned calls for tighter gun control. poppy harlow, jason carroll are in newtown on this somber morning. poppy is the at the town's memorial. good morning, poppy. >> reporter: good morning, carol. let's look at what has become this small makesh
cliff. after speaker boehner's plan b falls flat, what's next? "newsroom" starts now. good morning to you. thank you so much for being with us. i'm carol costello. this hour a nation pauses to honor the victims of last week's horrifying attack at a connecticut elementary school. many americans including president obama will take part in a moment of violence at 9:30 eastern. that marks the moment one week ago that the gunman burst into sandy hook elementary school. church bells will...